haku: @indexterm FINANCIAL ANALYSIS / yhteensä: 599
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| Tekijä: | Easley, D. O'Hara, M. Paperman, J. |
| Otsikko: | Financial analysis and information-based trade |
| Lehti: | Journal of Financial Markets
1998 : AUG, VOL. 1:2, p. 175-201 |
| Asiasana: | FINANCIAL ANALYSIS TRADE FINANCE |
| Kieli: | eng |
| Tiivistelmä: | In this research the authors investigate the informational role of financial analysts. Using a trade-based empirical technique, the authors estimate the probability of information-based trading for a sample of NYSE stocks that differ in analyst coverage. The authors determine how the probability differs across stocks followed by many analysts and investigate whether analysts increase or create the flow of information. They also determine the "normal" level of noise trading in each sample stock, thereby giving them the ability to assess the depth of the market for stocks with differing analysts following. |
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